Looking to balance out your exposure to AMLX? The ETFs below have historically moved differently from AMLX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for AMLX
3 ETFs have low correlation with AMLX (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.09, roughly unchanged from -0.06 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.09 | -0.06 | — | 100 | Ultrashort Bond | AMLX vs SGOV | |
| Goldman Sachs Access Treasury 0-1 Year ETF | 0.06 | -0.01 | — | 100 | Government Bonds, Ultrashort Bond | AMLX vs GBIL | |
| iShares 0-5 Year TIPS Bond ETF | 0.09 | 0.06 | — | 93 | Inflation-Protected Bonds | AMLX vs STIP |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AMLX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is DaVita Inc. (DVA) (Healthcare) with a 1Y correlation of 0.01, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DaVita Inc. | 0.01 | 0.11 | 0.14 | 89 | Healthcare | |
| CVS Health Corporation | 0.04 | 0.11 | 0.12 | 94 | Healthcare | |
| Humana Inc. | 0.05 | 0.06 | 0.09 | 71 | Healthcare | |
| NVIDIA Corporation | 0.07 | 0.08 | 0.15 | 56 | Technology | |
| Centene Corporation | 0.08 | 0.10 | 0.14 | 95 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AMLX
Add AMLX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AMLX